Rising interest rates and slowing external demand will dampen growth over the foreseeable future
![](https://images.indianexpress.com/2022/10/economic-growth-gdp-pixabay-1200.jpg)
Given so many moving parts and geopolitical complexity, policymakers and market participants have an unenviable task of anticipating turnarounds, and the speed of recovery or downturn. The long-term trend rate of growth will be influenced by many factors including efficiency-enhancing reforms.
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